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Deployments · platform by Bitt

Eastern Caribbean Central Bank DCash retail CBDC pilotNew

DCash was the Eastern Caribbean Central Bank's blockchain-based digital EC dollar, piloted from March 2021, first in Antigua and Barbuda, Grenada, St Kitts and Nevis and Saint Lucia and later across more of the eight-member currency union. Users held registered, value-based or merchant wallets through licensed banks and credit unions, and the member states made ECCB digital currency legal tender. Eight institutions joined at launch and 21 (11 of them credit unions), with over 400 businesses, by January 2024, when the pilot closed. A system-wide outage in January 2022 lasted about two months. A planned DCash 2.0 was suspended by the ECCB's Monetary Council in February 2026 in favour of a fast payment system.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Inactive · concluded as planned since Jan 2024[1] — Pilot closed in January 2024 (ECCB); its successor DCash 2.0 was suspended in February 2026 (Monetary Council, as reported in the regional press). Inactive status raised for the editor as decision 2026-10-26-discovery-2. · Reviewed 13d ago

Assets
Retail central-bank money[1]
DCash, the digital EC dollar (retail CBDC)
Networks
Unknown ledger Not disclosed[1][2]
ECCB says DCash used blockchain technology; HRF describes a private blockchain hosted on Google Cloud. No ledger named.
Use cases
Domestic payments[1][2]Merchant payments[1]
Jurisdictions
Eastern Caribbean Currency Union

Participants

  • Eastern Caribbean Central BankIssuer, Operator[1]Saint Kitts and Nevis
  • BittTechnology provider, Platform provider[2]Global
  • 21 participating financial institutions by January 2024 (eight at launch), including 11 credit unions, distributed DCash; not named in the sources opened.[1]

Assets

Metrics

  • 21 institutionsParticipating financial institutions · as of Jan 2024[1]
  • ~400 businessesParticipating businesses · as of Jan 2024[1]
    'Over 400'.
  • 2,270,000 XCDDCash in circulation · as of 2021[2]
    From the ECCB 2021 annual report as cited by HRF.
  • 2,450,000 XCDDCash in circulation · as of 2022[2]
    'Over EC$2.45m', ECCB 2022 annual report as cited by HRF.
  • ~4,000 usersWallet accounts opened · as of 2021[2]
    'More than 4,000', ECCB 2021 annual report as cited by HRF.

Timeline

  1. Happened 13 Feb 2026 · Announcement · recorded 26 Oct 2026
    The ECCB Monetary Council suspends development of DCash 2.0 to prioritise a regional fast payment system and the CARICOM payments and settlement pilot.[3][2]
  2. Happened Jan 2024 (month only) · Retired · recorded 26 Oct 2026
    The DCash pilot closes, with 21 financial institutions and over 400 businesses taking part by then; the ECCB plans a DCash 2.0.[1]
  3. Happened 14 Jan 2022 · Announcement · recorded 26 Oct 2026
    A system-wide outage takes DCash offline; HRF reports it was caused by an expired certificate and that full service returned on 9 March 2022.[2][1]
  4. Happened Mar 2021 (month only) · Launch · recorded 26 Oct 2026
    ECCB launches the DCash pilot in four member countries, with eight participating financial institutions.[1]

Sources

  1. [1]DCASH: Towards A Digitally Inclusive Future — Eastern Caribbean Central Bank, 28 Aug 2025. Accessed 26 Oct 2026. ECCB blog by Karina A Johnson; archived copy (Mar 2026) because eccb-centralbank.org returns 403 to scripted requests..B
  2. [2]ECCU - CBDC Tracker — Human Rights Foundation. Accessed 26 Oct 2026.C
  3. [3]ECCB Suspends DCash 2.0 to Prioritise Regional Fast Payment System — Discover Montserrat, 16 Feb 2026. Accessed 26 Oct 2026. Reports the decision of the 112th Monetary Council meeting (13 Feb 2026); NOW Grenada (13 May 2026) dates the communique to 4 May 2026..C

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